In the wake of another toll hike, a 9Wants to Know investigation has found toll money has covered accommodations at luxurious hotels, routine massages and bonuses for E-470 employees or board members.
“We are an enterprise. We have to operate like a business. We don’t have any recourse to our member jurisdictions,” E-470 Executive Director John McCuskey said, defending the spending as necessary.
9News was able to view financial records of the E-470 Public Highway Authority because the agency is a political subdivision of the State of Colorado and is subject to open records laws.
E-470 is expected to collect $103 million this year in tolls. Rate hikes on tolls are based on the agency’s 16-year-old financial plan to pay off its $1 billion debt.
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